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Difference between revisions of "Family Law Act Basics"
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→Children’s property
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===Children’s property=== | ===Children’s property=== | ||
Children sometimes get large amounts of money or property from inheritances, insurance policies, or court awards. Under the ''[[Family Law Act]]'', a child’s guardians are not automatically the trustees of the child’s property, except for property | Children sometimes get large amounts of money or property from inheritances, insurance policies, or court awards. Under the ''[[Family Law Act]]'', a child’s guardians are not automatically the trustees of the child’s property, except for property with a value of less than $10,000. | ||
A guardian may apply to court to be appointed as trustee for the child’s property. Only the Supreme Court can make orders about children’s property. | A guardian may apply to court to be appointed as trustee for the child’s property. Only the Supreme Court can make orders about children’s property. | ||